The company reported a net loss of $29.2 million, compared with a net loss of $48.9 million in the prior-year period. Repass noted that net loss is affected by non-operating items, including changes in the fair value of Fold's Bitcoin investment treasury and entries related to financing structures such as SAFE notes and convertible debt. Adjusted EBITDA was negative $5.8 million, compared with negative $4.2 million a year earlier. Repass said the wider adjusted EBITDA loss was driven mainly by a $1 million ...